4 ms·

CS is valued at $63B. That's after they lost 34% in value. The damages are estimated at $5.4B. I think they can survive this. Though their reputation took a m

CS is valued at $63B. That's after they lost 34% in value. The damages are estimated at $5.4B. I think they can survive this. Though their reputation took a much bigger hit.

from-nibly 2y ago
Valued at and have enough cash for are two different things. Their value relies on them not selling billions in stocks to cover a lawsuit. As they sell their stock will go down as will their valuation. Also losing multiple lawsuits can cause investors to get spooked further lowering the stock price. Its not impossible